- 20 February 2013
- by Alexander C. Kaufman
The New York Times Company plans to sell the Boston Globe, the Times announced on Wednesday. The Globe, which the Times bought in 1993 for $1.1 billion, has been on the chopping block before as the Times Co. has suffered declining revenues as the result of a downturn in print advertising. The company is working with Evercore Partners as an adviser for the possible sale. It was not immediately clear how much the Globe and related properties would now command in a sale. "Our plan to sell the New England Media Group demonstrates
See full article at The Wrap »
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.